# Edgio ($EGIO)

Expected to file Cahpter 11

Notes as of 2024-02-06

• New Asset light strategy - Lower CapEx, costs scale with activity / better unit economics. Company was built as CapEx intensive CDN with high churn. New model has the potential to allow the company to have more software-like margins. Net Customer Retention is 92%.

• Layer0 security secures assets at the edge.

• Liquidity - Company refinanced convertible notes to 2027 maturity.

• Award winning technological solutions.

• Adjusted EBITDA break even by 4Q2023.

• JAM Stack - Javascript, API, MarkUp (HTML and CSS).

• [LIMELIGHT NETWORKS Driving Performance, Productivity and Protection at the Edge](https://investors.edg.io/static-files/b24fadb3-63b9-432b-a9d4-166aa043fd31)

• [2023 Q3 Results](https://investors.edg.io/news-releases/news-release-details/edgio-reports-third-quarter-2023-results)


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